Australia's electricity predicted to be cheaper in 2023, helped by green power and lower gas prices

Australian Energy Market Commission says households could expect to pay $120 less

Electricity for consumers will be cheaper in 2023 as new generation capacity enters the power grid, including 1,667 megawatts of solar and 2,580 megawatts of wind, the Australian Energy Market Commission said.

The AEMC's annual price assessment projected that power prices would decrease until 2021-22 and then potentially increase during 2022-23. But prices in 2023 were expected to be lower than they are now.